I am certainly interested in Murray Goulburn. But do you know if they have taken the vote yet which will confirm whether they allow in other investors (i.e. list on the ASX) – I think the current holders (i.e. suppliers/farmers) had to vote on that?...
Also, from memory if the IPO is going ahead it is for a listing of a Unit Trust on the ASX. If you buy into that then you have no voting rights. In my opinion this would make any potential take-over offer doomed to failure in the near-term as there is no way farmers will vote for one as they want to have a say in the price they get for their milk (and fair enough). This might not necessarily be a bad thing as this is a growth industry and probably not a bad stock to hold onto. However it could hobble its potential a little. Interested to hear others' opinions...
